"%)K$/"(*Z %!*.#$KL bK$!#()* SET . '$".',' %. )Ò)' (market-driven organization)O* L '7 (demutualization) *#&%&")#!)'4 2` %&- ! 8 #-% '7%"*&%!%')72 /%/2#) SET &") (necessary but not sufficient

financial institutions which are sufficient to complete the projects and is expected to transfer the ownership to its customers as well as recognize revenues in the second half of the year 2019. Windshell

be a time consuming process. In addition, the enforcement of the pledge of IFECTP’s shares is uncertain whether there will be sufficient funds to repay all outstanding loans due to the fact that IFECTP

benefits for all stakeholders. The company has a policy to manage costs and resources of the company to maximize efficiency, including managing cash flow sufficient for business operations in the current

performance and sufficient for business continuity. The Explanation and Analysis Report of the Financial Positions and Result of Business Operations for 3 months ending on 30 June 2020 audited by the CPA 1. The

operation in the future. In addition, the financial policy of the Company is carefully implemented. The Company is financially stable with sufficient liquidity and strives to build confidence in the

still able to maintain sufficient working capital to operate the business. 8. Director having interest in the transaction Mr.Kongsak Hemmontharop (Vice Board Chairman of Panjawattana Plastic Public

company will still able to maintain sufficient working capital to operate the business. 8. Director having interest in the transaction Mr.Kongsak Hemmontharop (Vice Board Chairman of Panjawattana Plastic

cash and cash equivalent as well as current investments in an amount of Baht 257.40 million. After payment of the purchase price, the Company will have sufficient funds for the Company’s business

investments in an amount of Baht 257.40 million. After payment of the purchase price, the Company still have sufficient funds for its business operations. 9. Expected Benefits to the Company To increase the